Common wisdom suggests that in planning for the tax bill for a long term capital gain using a flat 15% rate for the estimated federal tax liability is sufficient. The authors examine and illustrate that the interaction between the alternative minimum tax (AMT), the level of ordinary income, and...

John Mills is one of Britain’s most stimulating economic thinkers. Unusually, he has many decades of practical business experience and is also more commonly associated with the political left than the right. It is therefore an immense pleasure to engage with him on some of the most important...